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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$561,449$561,449$1,030,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$469,051$0
Funding fee$2,807$2,807$0
Note rate6.92%6.92%7.18%
Blended rate6.92%7.298%7.42%
1st payment$3,874.63$3,874.63$6,980.97
2nd payment$0.00$3,029.28$0.00
Taxes / mo$331.42$331.42$331.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$206.10
HOA / mo$132.00$132.00$132.00
Total monthly$4,554.71$7,584.00$7,867.15
Cash to close$583,551$114,500$114,500